No Guarantees or indemnities. 22.17.1 Except as permitted under Clause 22.17.2, no Obligor shall incur or allow to remain outstanding any guarantee in respect of any obligation of any person. 22.17.2 Clause 22.17.1 does not apply to a guarantee which is a Permitted Guarantee.
Appears in 3 contracts
Samples: Facilities Agreement, Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)
No Guarantees or indemnities. 22.17.1 (a) Except as permitted under Clause 22.17.2clause 21.19(b), no Obligor shall incur or allow to remain outstanding any guarantee or indemnity in respect of any obligation of any person.
22.17.2 (b) Clause 22.17.1 21.19(a) does not apply to a any guarantee or indemnity which is a constitutes Permitted GuaranteeFinancial Indebtedness.
Appears in 1 contract
No Guarantees or indemnities. 22.17.1 (a) Except as permitted under Clause 22.17.219.19(b), no Obligor shall incur or allow to remain outstanding any guarantee in respect of any obligation of any person.
22.17.2 (b) Clause 22.17.1 19.19(a) does not apply to a guarantee which is is:
(i) a Permitted Guarantee; or
(ii) a Permitted Transaction.
Appears in 1 contract
Samples: Note Purchase Agreement
No Guarantees or indemnities. 22.17.1 21.17.1 Except as permitted under Clause 22.17.221.17.2, no Obligor shall incur or allow to remain outstanding any guarantee in respect of any obligation of any person.
22.17.2 21.17.2 Clause 22.17.1 21.17.1 does not apply to a guarantee which is a Permitted Guarantee.
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